20160817_BSC_Vietnam Daily Review_EN_Strong market segmentation

Highlight

Fluctuations continued in today's trading session, VN-Index rose by 2.4 (0.36%) up to 660.51 points, HNX-Index also rose by 0.31 points (0.38%) to 83.76. The highlight of today's trading session is the price increase of the shares in the list of planned divestments of SCIC which was announced in 2015 such as NTP, BMP, VNM, FPT, BMI, VNR even ceiling up 159.000d. In addition, foreign investors maintained net selling for around 150 billion on HSX. Overall market breadth remained positive with 238 advancers / decliners 182

Recommendation

The market continued to trade sideways and rose slightly + 0.4% at session end, liquidity remained at a high level. The market is still strongly divergent among sectors, which is an opportunity for shares recommended by BSC such as MWG, GMD and VNR to surge better than the market. The market could rebound in the next session to test resistance 665 - 668. However, the market will likely maintain strong divergence among sectors, therefore, holding shares attracted good cash flow such as steel, real estate and construction, pharmaceuticals, construction materials and transportation should still be a priority.